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Bit of a punt
Harryoffdock......that'll be fantasy and not fact from willec...( that's right isn't it willec)....he has a terrible habit of sharing his dreams from the night before on here....hence no facts to back it up....tge only fact is ...no one really knows what's going to happen....and it's all a bit of a inpu t really....YES...you can read the RNS Issued by both companies but they rwallydonttwll go anything hence the sp for both
Terrible English!
But if Desire shares were bought at their lowest, post multiple failures but before the (I would say clear opportunity for FOGL) then a significant uplift was available. You are correct that offshore exploration is highly risky and in that sense trading and investing on licence or corporate transaction news can be profitable. Clear defensive positioning by BPC as a strategy for Perseverance failure. Cerp need exposure to massive upside as well, quite marginal at the moment due oil price.
Harry is this your professional financial advice or just your opinion.
“ if you only have a few shares dont go shelling out lots of cash for advice try n find a family friend who may be able to help you good luck.”
Fuss09 - when it flies it will be above 5p in no time as this is where we weere before Saffron and all the other good news - looking forward to the rest of the year and going to be a very nice end to year.
CERP needs to stay down to ensure minimum sells before the merger - if this was to be 2.5 or above, the merger would either fail as no one would then take 0.803 of BPC, or sell out and buy BHP. Hence no news, once the merger takes place the news should come and SP will fly. IMO
Obadhia - that has also crossed my mind. But then why would BPC want to take us on?
Possibly why they are tight lipped with operational progress.
Interesting if CERP is higher than merger price?
Too risky
Was in Desire Petroleum years ago. Ended up being merged with Falklands Oil and Gas, after finding water. Then had to merge with Rockhopper. Worth 50th if what I started with. Only 4K invested there but lesson learnt. Off shore is very very risky.
PTMS people are selling out of BPC and buying CERP because CERP is cheaper and will benefit more on the merger.
Share price for BPC not looking so good at present.
Slept on yes no vote. If CERP fail then IMHO that’s it for me. Ten years invested but BPC a bridge too far
1214258 voted against